Duke Micro Econ Chapter 16

Animated and verbal exploration of General Equilibrium. Animated Edgeworth Box graphics are used to illustrate general equilibrium and disequilibrium in a competitive economy. A simple version of the Second Welfare Theorem is graphically illustrated. Three animations explore a Robison Crusoe economy, introducing production into a simple general equilibrium model.

This app contains 12 animated graphs with voice over that plays as graphs are drawn. Users can jump ahead to which ever graph or portion of a graph that is of interest.

Useful for any undergrad micro economics.

Developed in conjunction with Professor Thomas Nechyba for the Micro Economics curriculum, Department of Economics, Duke University, Durham, NC

Duke,Nechyba,General Equilibrium,Edgeworth,Gains from Trade,Second Welfare Theorem,Robinson Crusoe